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Mergers, Acquisitions and Takeovers

H. R. Machiraju

出版	New Age International, 2007
ISBN	81224143899788122414387
URL	http://books.google.com.hk/books?id=-nCcmGBwyyEC&hl=&source=gbs_api
EBook	SAMPLE

註釋

The Traditional Approach To M&A Was To Restrict The Emergence Of Monopolies. The Modern Approach Embodied In The Takeover Regulations Is Meant To Ensure Efficient Use Of Corporate Resources And Protect The Interests Of Minority Shareholders. The Two Streams Of Corporate Restructuring Are Governed By Different Legislations. Company Law Governs Mergers And Sebi Regulations Govern Takeovers. The Value Of Mergers Which Is Governed By Economic Factors Is Quite Large And Practically Ten Times The Value Of Takeovers. The Market Approach Of Takeovers, However, Instills Discipline In Regard To Use Of Corporate Resources By Promoters And Managements. The Corporate Raider Can Always Approach The Shareholders Directly.The Book Analyses Both The Approaches And Identifies The Need For Strengthening Competition Policy And Preventing The Misuse Of Buyback Provisions For Insider Trading.